Agri Bank China (OTCMKTS:ACGBY) Shares Gap Down – Time to Sell?

Shares of Agri Bank China (OTCMKTS:ACGBY) gapped down prior to trading on Thursday . The stock had previously closed at $17.75, but opened at $16.95. Agri Bank China shares last traded at $17.1350, with a volume of 9,209 shares trading hands.

Wall Street Analyst Weigh In

ACGBY has been the subject of a number of analyst reports. Zacks Research upgraded shares of Agri Bank China to a “hold” rating in a report on Thursday, April 23rd. Citigroup downgraded Agri Bank China from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Agri Bank China presently has an average rating of “Hold”.

Agri Bank China Trading Down 3.0%

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.03. The firm’s fifty day moving average is $18.94 and its two-hundred day moving average is $18.01. The firm has a market cap of $241.14 billion, a P/E ratio of 6.20 and a beta of 0.08.

Agri Bank China (OTCMKTS:ACGBY) last issued its quarterly earnings data on Monday, March 30th. The company reported $0.67 EPS for the quarter. Agri Bank China had a net margin of 21.45% and a return on equity of 9.51%. The business had revenue of $24.59 billion during the quarter. Analysts predict that Agri Bank China will post 3.02 earnings per share for the current fiscal year.

Agri Bank China Company Profile

Agricultural Bank of China (trading OTC as ACGBY) is a major state-owned commercial bank headquartered in Beijing that provides a broad range of banking and financial services. As one of China’s largest banks, it offers services to corporate, institutional and retail clients, with a particular historical focus on serving agricultural and rural customers alongside urban and corporate markets. The bank operates a large domestic branch network and maintains an international presence through branches and representative offices.

The bank’s product and service mix includes corporate lending, trade finance, project finance and cash management for businesses, together with deposit, mortgage, consumer lending and wealth-management products for individual customers.